Looking to consolidate your debt?
There are three basic options.
1. Home Equity Line of Credit
A loan secured by a primary residence or second home to the extent of the excess of fair market value over the debt incurred in the purchase. This may or may not be advisable.
For a comparison of Home Equity loans we have provided the following link: http:// www.investorwords.com/5607/home_equity_loan.html#ixzz0zSFvuABp
2. 401 K Loans
Virtually all employers impose severe restrictions on withdrawals while a person remains in service with the company and is under the age of 59. Any withdrawal that is permitted before the age of 59 is subject to an excise tax equal to ten percent of the amount distributed, including withdrawals to pay expenses due to a hardship, except to the extent the distribution does not exceed the amount allowable as a deduction under Internal Revenue Code section 213 to the employee for amounts paid during the taxable year for medical care (determined without regard to whether the employee itemizes deductions for such taxable year).
Many plans also allow employees to take loans from their 401(k) to be repaid with after-tax funds at pre-defined interest rates. The interest proceeds then become part of the 401(k) balance. The loan itself is not taxable income nor subject to the 10% penalty as long as it is paid back in accordance with section 72(p) of the Internal Revenue Code. This section requires, among other things, that the loan be for a term no longer than 5 years (except for the purchase of a primary residence), that a "reasonable" rate of interest be charged, and that substantially equal payments (with payments made at least every calendar quarter) be made over the life of the loan. Employers, of course, have the option to make their plan's loan provisions more restrictive. When an employee does not make payments in accordance with the plan or IRS regulations, the outstanding loan balance will be declared in "default". A defaulted loan, and possibly accrued interest on the loan balance, becomes a taxable distribution to the employee in the year of default with all the same tax penalties and implications of a withdrawal.
3. Transferring your balances to a low interest Credit Card
Need to transfer your debt to a lower interest rate? You came to the right place. We can help you learn about credit and apply for a credit card online. Our goal is to keep it simple. Choosing a credit card is easy at EagleDebtSolution.com Simply review the credit card offers on our website, click the one that interests you, review the terms and conditions, and apply on direct on the banks secured server. Some banks may give you a response in minutes, and others may need to review your credit profile and will notify you in the mail.
Why would you apply with us? We make it easy to compare the most recent credit card offers available from major banks. All credit card applications are hosting on the banks secure servers. All information is secure and approval is usually only minutes away through our online portals. Let's look at the most common type of credit cards.
Balance Transfer Credit Cards
Are you looking for the best balance transfer offers?
Comparing low interest rates and balance transfer credit card offers is now as simple as 123! The internet has made the world more efficient. Websites like EagleDebtSolution.com now have the ability to provide you a comparison of credit card applications available on the net. Once you find the best balance transfer credit card offer on our site, you can click apply now to be directed to the banks secure server. Then, you read the terms and conditions, and if you like the card, you can instantly apply online.
Poor Credit
Have bad credit and looking to establish credit?
At EagleDebtSolution.com we offer credit card applications for people with bad credit or no credit. If you have been refused an unsecured credit card that was designed for bad credit, then review our secured credit card offers. Secured Cards are an excellent way to establish a positive credit history and are designed especially for people with no credit history, or who have current and past credit problems.



